Russel Metals (TSE:RUS) Downgraded to “Hold” Rating by Stifel Nicolaus

Russel Metals (TSE:RUS) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They currently have a C$50.50 target price on the stock, up from their prior target price of C$49.00. Stifel Nicolaus’ price objective would indicate a potential upside of 2.62% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. National Bankshares boosted their target price on shares of Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Royal Bank Of Canada boosted their price objective on Russel Metals from C$47.00 to C$51.00 in a report on Wednesday, January 14th. Finally, Scotiabank upped their price objective on Russel Metals from C$48.00 to C$52.00 in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$52.25.

Russel Metals Stock Down 0.2%

Shares of RUS traded down C$0.11 during trading on Friday, reaching C$49.21. The company’s stock had a trading volume of 109,817 shares, compared to its average volume of 184,674. The company has a fifty day moving average of C$45.10 and a two-hundred day moving average of C$42.79. Russel Metals has a twelve month low of C$34.62 and a twelve month high of C$50.87. The company has a market cap of C$2.74 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 0.59 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28.

Russel Metals (TSE:RUS) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.63 earnings per share for the quarter. The business had revenue of C$1.17 billion during the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%.

About Russel Metals

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.